How To Determine Rates For Video Editing
Video editing rates can differ depending on the type of project being done. In order to figure out what type of rate is best for your company, you’ll need to consider how many hours it will take anyone who is working on the video, what motion graphics and text overlays are needed in the project, and other important factors.
There are a few steps to determine rates for video editing. You have to figure out the total duration of raw footage, the length of the final edited video with motion graphics or text overlays – both should be taken into consideration – and any multiple types of text overlays that may be involved in this process. Once you’ve found these key pieces of information, go ahead and find out what’s fair. This article will give you the answer to how to determine rates for video editing.
Types Of Video Editing Rates
The video editing rates will differ depending on what types of video editing you are doing. It can either be an hourly rate or a fixed price. This is the most common type of rate. The rates will differ according to the duration, the number of motion graphics or text overlays that must be done, the length of raw footage, and many other factors.
Hourly Rate
The hourly rate means an hour of your time is worth a certain amount, like $50 per hour. When paying for a video editing project with no fixed price, you can expect to pay for more than an hour if it takes more than an hour to complete your editing project because there is no fixed rate, as stated before.
Fixed Rate
Fixed rate is when you know exactly how much to pay for a video editing job. It is common for the price to be the same for the entire project, including the total hours of video editing, number of motion graphics overlays, etc.
Some Factors Affect The Price Of A Video Edit
Many factors can affect the video editing rates – total duration of raw footage, length of final edited video with motion graphics or text overlays – both should be taken into consideration – and any multiple types of text overlay that may be involved in this process.
The Total Duration Of Raw Footage
The total duration of raw footage will affect the price because the longer a project is, the more time it will take to edit. This is because there are more things that must be edited and done, plus the longer your footage is, the more time it will take to edit.
The Total Length Of The Final Edited Video
The total length of the final edited video will affect the price because if it is long, it will take time to complete, and that means you have to pay for more time – thus, the final price will be higher than an hour if you are paying for raw footage or if you are paying for just one hour. There might also be some complex motion graphics included, thus increasing the total amount of money paid as well.
Different Motion Graphics Used
Different motion graphics will affect the video editing rates as well. This is because some motion graphics are more expensive than others. You can check out different ones online or make a creative collaboration to make your own – because it’s cheaper than getting a full-blown video or graphic designer.
Multiple Types Of Text Overlays Involved
Multiple types of text overlays will also affect the video editing rates because if there is more than one set of text overlays, it will be more expensive, and each text overlay depends on how many different languages or symbols you want in each overlay.
Steps To Determine Video Editing Rates
The steps to determine rates for video editing are as follows:
Know The Video Editor Rates In Your Market
You must take many steps to determine the video editing rate in your market. If you are an agent or a client, you need to know what is fair for the market you’re in and what other companies do for their video editing rates. You have to take into consideration the level of complexity of your video editing project because if it is more difficult or requires more time, it will cost more money.
Know What You Need To Get Paid For Video Editing
When determining the video editing rates, you also have to know what costs you need to figure out. For example, suppose you need well-known voiceover actors for a video and have a very high budget for your final product. In that case, you have to consider this when determining what you will charge for the video editing.
The Bottom Line
Video editing rates can vary depending on the type of project you are doing, how much footage you are dealing with, and how many hours it will take to complete the job. Be sure to consider what is fair for your market, what things you will get paid for, and what costs you need to pay for before deciding on the size of your video editing budget.
There are many steps that must be taken to find out the video editor rates in your market. If you are an agent or a client, you have to know what is fair to get clients who will hire your agency or business with their big budget projects.
